NIFTY FOR UPCOMING WEEK 04 JUL TO 08 JUL 2022Hello everyone this chart technically measured and filtered by team INFINITYIV.
Due to the high volatility and uncertainty in the market. It’s important to us to provide you both side level.
Which is helps you if market turned opposite.
OUR SWING TRADE ALWAYS GIVING HIGH PROFIT.
LEVELS FOR WEEK.
RESISTANCE*:-
⬆️15780
⬆️15952
⬆️16223
⬆️16426
SUPPORT*:-
⬇️15680
⬇️15577
⬇️15423
⬇️15267
(* there is chance to level mismatch 0.01% of index)
KEY STRENGTH:-
1. World market closed positive.
2. Crypto currency’s too.
3. All heavy weight stock positive.
4. PCR value.
5. Buy on deep extremely activated.
6. Normal situation after covid.
KEY WEAKNESS:-
1. Rising inflation in world market.
2. Rising crude oil prices.
3. Rising omicron.
4. Reliance negative.
5. World market consolidation is on.
6. War still on.
HOW TO TRADE WITH CHART.
1. Let break out any side level.
2. Wait for closing 2, 15 minutes candle above or below.
3. Good to go for next level.
CHART PATTERN AND INDICATORS:-
1. 76+ advance indicators are positive.
2. Trend break out seen.
3. Head & shoulders pattern seen 4 hr n below TF.
4. Falling wedge pattern also seen but it’s too weak.
SMART PICK FOR WEEK.
Please follow for unique hedging ideas and swing trade.
NOTE:-
1. We are not SEBI registered but our rising ACCURACY is imperative.
2. We are here to provide you accurate levels and correct direction.
3. If you agreed with chart please contact your financial advisor.
4. For our accuracy check there is 250+ chart you can go through or match level after week of this chart.
5. FOR ANY KIND OF SUPPORT YOU CAN PING ME. WE ARE HAPPY TO HELP YOU WITH FINANCIAL ADVISE.
6. WE ARE ONLY AVAILABLE ONCE IN WEEK SO PLEASE PM OR COMMENT IF YOU HAVE ANY QUESTION.
GREETINGS:-
Happy trading and have profitable week.
Search in ideas for "INDICATORS"
NIFTY FOR UPCOMING WEEK 9 MAY TO 13 MAY 2022.Hello everyone this chart technically measured and filtered by team INFINITYX.
POSITIVE:-
1. GOOD GST COLLECTION.
2. RBI REPO RATE 4 to 4.4.
3. Chances to control inflation.
4. LIC IPO.
5. Buy on deep seems to activated.
NEGATIVES:-
1. World market closed negative.
2. Crypto currency’s too.
3. US BONDS raised 12% with in 3 days.
4. FRED should also preparing for rise repo rate.
5. Rising crude oil prices.
6. Rising bond yields too.
CHART PATTERN AND INDICATORS:-
1. Nifty at around strong support.
2. Consolidation zone over.
3. All indicators turned negative on 4 hr and above time.
4. As per our study nifty should turn positive and further positive.
LEVELS FOR WEEK:-
Strong Resistance:-
⬆️16504 ⬆️16965 ⬆️17419.
Strong Supports:-
⬇️16314 ⬇️16046 ⬇️ 15830.
SMART PICK ACCURACY CHECK:-
1. SUNPHARMA SL HIT.
2. PVR SL HIT.
3. GNFC TOWARDS TARGET.
4. ASIANPAINT TOWARDS TARGET.
SMART PICK FOR WEEK:-
Go long with.
1. HEROMOTO LTP 2563 TARGET 2907 SL 2421
2. M&M, LTP 893 TARGET 909 SL 862.
Go short.
1. GNFC TARGET AS PREVIOUS.
2. Infy, LTP 1542 target 1300 SL 1610.
Note:-
1. We are trying hard to provide you accurate chart and we are achieving 86% accuracy.
2. If you want to check accuracy go through 250+ charts.
3. Hit like button if you like to appreciate us.
GREETINGS:-
Happy trading and have profitable week.
NIFTY FOR UPCOMING WEEK 18 APR TO 22 APR 2022Hello everyone this chart technically measured and filtered by team INFINITYIV.
LEVELS FOR WEEK:-
STRONG RESISTANCE:-
⬆️ 17545 ⬆️17686 ⬆️ 18096
STRONG SUPPORT:-
⬇️ 17417 ⬇️ 17131 ⬇️ 16780
POSITIVE FACTOR FOR WEEK:-
1. Week PCR
2. FII Buying.
3. Buy on deep.
4. Reliance bullish.
5. HDFC is in over sold zone.
NEGATIVE FACTORS FOR WEEK:-
1. All indices turned negative.
2. NIFTY not consolidated as expected.
3. neighboring country unstable.
4. Rising inflation.
5. Depending on trading increases.
CHART PATTERN AND INDICATORS:-
1. Nifty rejected on weekly time frame.
2. Falling wedge pattern seen.
3. All indicators turned negative on day and lower time frame.
HOW TO TRADE WITH CHART:-
Let break any side level and wait for closing of on 30 minutes candle, go for next level marked on chart.
SMART PICK FOR WEEK.
Buyers.
1. SUNPHARMA
2. PVR.
Sellers
1. Dr REDDY.
NOTE:-
1. We don’t have any positions on above mentioned stock.
2. Trading involves risk, trade as per your own risk or contact financial advisor.
3. Hit like if chart helps you, it encourages us.
4. FOR ACCURACY YOU CAN CHECK REST OUR UPLOADED CHARTS
Greetings:-
INFINITYIV WISHES YOU HAPPY TRADING AND HAVE PROFITABLE WEEK.
NIFTY FOR UPCOMING WEEK 21 MAR TO 25 MAR 22.Hello everyone this chart technically measured and filtered by team INFINITYIV.
In our view nifty over bullish new ATH will be within 45 days.
LEVELS FOR WEEK.
RESISTANCE:-
⬆️ 17350 ⬆️ 17758 ⬆️ 18127
SUPPORTS:-
⬇️ 17225 ⬇️ 16950 ⬇️ 16593
POSITIVE:-
1. Almost all indices turned positive.
2. Weekly PCR .99 Monthly PCR 1.10.
3. All large cap stock bullish.
4. Good GST collection expected.
5. RUSSIA may supply crude on low rate.
6. Chances to reduce price of FOL.
7. Buy on deep still on.
NEGATIVE:-
1. War still on.
2. New COVID in china.
3. FED repo rate.
CHART PATTERN & INDICATORS:-
1. Resistance line converted to support on daily time frame
2. MACD bullish cross on day and week time frame.
3. 19 out of 21 other indicators are bullish on daily weekly time frame.
4. Inverted head and shoulders pattern seen on 4 hours times frame.
HOW TO TRADE WITH CHART:-
1. Simple let Close two 15 minutes candle over or below the level mentioned on chart.
2. You will easily achieve next level.
NOTE:-
1. Give appropriate like.
2. This chart will sure help you.
3. SEBI REGISTRATION IS IN PROGRESS.
4. Trading involves risk, trade as per your own risk.
GREETINGS:-
INFINITYIV WISHES YOU HAPPY TRADING AND HAVE PROFITABLE WEEK.
NIFTY FOR UPCOMING WEEK 07 MAR TO 11 MAR 2022Hello everyone this chart technically measured and filtered by team INFINITYIV.
LEVELS FOR WEEK:
RESISTANCE.➡️16286 ➡️16511 ➡️ 16724
SUPPORT. ➡️16140 ➡️ 15736 ➡️15384
POSITIVE:-
1. PCR
2. Neutral COVID.
3. Ppl seems buy on deep.
NEGATIVE:-
1. War still on.
2. High chance of inflation.
3. Crude oil prices hikes.
4. Crypto currency’s.
5. Gold price hikes.
6. Polling results turn positive if BJP win & still negative.
CHART PATTERN & INDICATORS:-
Triangle pattern seen on day chart.
All indicators negative.
HOW TO TRADE WITH CHART.
Let break any side level mentioned on chart. 2, 15 minutes candle close above or below. Next target will sure achieve.
NOTE:-
1. Give appropriate like.
2. Chart will sure help you.
3. Trading n investment is subject to market risk.
4. Trade as per your own risk.
5. This is only our views.
6. In our view NIFTY BEARISH this week short with full capacity.
GREETINGS:-
INFINITYIV wishes you happy trading n have profitable week.
NIFTY FOR FEB 2022 EXPIRY hello everyone this chart technically measured and filtered by team INFINITYIV.
POSITIVES:-
1. Week PCR.
2. No change in repo rate by RBI.
3. Positive GST COLLECTION, PROJECTED.
NEGATIVE:-
1. Russia Ukraine situation.
2. Fed hikes rate.
3. Deltacorn case in US.
4. Expiry.
LEVELS.
⬆️ Resistance. 17326 > 17455 > 17603
⬇️Support. 17229 > 16998 > 17627
CHART PATTERN & INDICATORS:-
1. Clear head & shoulder pattern seen on weekly time frame.
2. All indicators negative to 4hr and above time frame.
HOW TO TRADE WITH CHART:-
Simple, wait to Break any side level let close 2.15 min candle below level now go for next level.
You can paper trade on chart.
NOTE:-
1. Your one like boost us to work hard.
2. Around one day we are working for the chart to give you high accuracy.
3. For any clarification please text us.
GREETINGS:-
INFINITYIV wishes you happy trading and have profitable week.
LONG CDSLCDSL stock has been following a ascending channel pattern in daily and weekly timeframe and is near make/break level If the stock sustains above 1465 then buy for LONG positions as and when we get a confirmation candle.
Supporting Indicators:
The Stochastic RSI gave a crossover arounf 1407 levels and this leading indicators move was confirmed by two consecutive days spike in Volumes of the stock and also by MACD crossover.
Look for buying opportunity once it breaks above the channel levels.
X_SUPERACTION 15MDescription:
This study project is a "SUPER ACTION 2.0" and is an alternative to the "Scalping Pullback Tool R1". It is designed for a two pane TradingView chart layout:
the first pane set to 15min Time Frame;
the second pane set to 1min Time Frame(TF).
The tools incorporates the majority of the indicators needed to analyse and scalp Trends for Swings, PullBacks and reversals on 15min charts and 1min charts.
Incorporated within this tool are the following indicators:
1. The following EMAs are drawn automatically:
Green = EMA89 (15min TF) = EMA75 (1min TF)
Blue = EMA200 (15min TF) = EMA180 (1min TF)
Black = EMA633 (15min TF) = EMA540 (1min TF)
2. The 10EMA (default) High/Low+Close Price Action Channel (PAC), the PAC channel
display is disabled by default.
3. Optionally display Fractals and optional Fractal levels
4. Optional HH, LH, LL, HL finder.
5. Coloured coded Bar high lighting based on the PAC:
blue = bar closed above PAC
red = bar closed below PAC
gray = bar closed inside PAC
lime Line = EMA10 of bar close
6. Pivot points (disables Fractals automatically when selected) with optional labels.
7. EMA5-12 Channel is displayed by default.
8. EMA12-36 Ribbon is displayed by default
9. Optionally display EMA36 and PAC instead of EMA12-36 Ribbon.
Set up and hints:
I am unable to provide a full description here, as Pullback Trading incorporates a full trading Methodology, there are a number of articles and books written on the subject.
Set to two pane TradingView chart, set first pane to 15Min and second to 1min.
Set the chart to Heikin Ashi Candles (optional).
I also add a "Sweetspot Gold2" indicator to the chart as well to help with support and resistance finding and shows where the important "00" lines are.
Use the EMA200 on the 15min pane as the anchor. So when prices above EMA200 we only trade long (buy) and when prices below the EMA200 we only trade short (sell).
On the 15min chart draw any obvious Vertical Trend Lines (VTL), use Pivots point as a guide.
On the 15min chart what we’re looking for price to Pullback into the EMA5-12 Channel or EMA12-36 ribbon, we draw Trendlines uitilising the Pivot points or Fractals to guide your TL drawing.
On the 15min chart look for the trend to resume and break through the drawn TL. The bar color needs to change back to the trend direction colour to confirm as a break.
Now this break can be traded as a 15min trade or now look to the 1min chart.
On the 1min chart draw any Pullback into any of the EMAs.
On the 1min chart look for the trend to resume and break through the drawn TL. The bar color needs to change back to the trend direction colour to confirm as a break.
Now this break can be traded as a 1min trade.
There is also an option to select Pristine (ie Ideal) filtered Fractals, which look like tents or V shape 5-candle patterns. These are actually used to calculate the Pivot points as well.
Other than the "SweetSpot Gold2" indicator, you should not need any other indicator to successfully trade trends for Pullbacks and reversals. If you really want another indicator use the AO ( Awesome Oscillator ) as it is momentum based.
Power Boosters For PowerGRID _ LONGIt may touch 190 and may even break out ..
Sentiment & Factors :
1.Upcoming Earning Results
2.US election results
3. COVID vaccine news
4. Increased Industrial Production
Indicators:
Taking RSI , Bollinger Bands and PitchFork indicators into account, Still have enough room for expansion
BANKNIFTY analysis. Possible down moveHello Trader, Here is the full analysis of BANKNIFTY:
1) Monthly - This support can be tested at 19900 of two supports are broken
2) Hourly - It is forming lower highs and lower lows and is below the trend line and can test this trend line to break upside.
Action
Due to the huge volatility in prices and weak markets globally one can see a downfall to test support 1 and support 2 levels. There is a significant fall in Dow to -1417 and this is huge fall straight 2 days. One can look for shorting opportunity for levels 20370 and 20130.
If the trend line is broken upside then we can look for long opportunity for level 20820 and 21100 level
Current market
NASDAQ 9,641.67 -378.68
SGX NIFTY (Jun 11) 9,599.00 -254.00
Dow futures 25,544.0 -1417.0
Technical Indicators:
Moving Averages Bearish
Technical Indicators Bearish
Moving Averages Crossovers Bearish
How can you support me :
1) Like my idea.
2) Follow me for more analysis
Feedback :
Please share your feedback in comments and this will help me to improve my drawing and analysis
Note : This is purely for educational purpose.
USDCHF multi time frame analysisHello Trader, Here is the full analysis of USDCHF:
1) Monthly - No significant price action found.
2) Daily - Forming big red candles which shows weakness in the prices.
2) 4Hourly - Currently testing the buy zone/support level and is in between 0 and 0.23 fib level(which is not an important level) .
3) Current retracement level is at 0.5 which is good level for prices to move up
Action
marubozu candles are formed on the daily chart which shows a weakness in the prices. If the support is broken with a marubozu candle then we can see a downfall below support. Wait for these levels to look for entry opportunity .
Technical Indicators:
Moving Averages - Strong Sell
Technical Indicators - Strong Sell
Moving Averages Crossovers - Strong Sell
COT data(Commitment of traders):
JUNE 06/02/2020
USD - Long(17877) Short(9619)
CHF - Long(13364) Short(4375)
JUNE 05/26/2020
USD - Long(21039) Short(6240)
CHF - Long(13246) Short(4507)
How can you support me :
1) Like my idea.
2) Follow me for more analysis
Feedback :
Please share your feedback in comments and this will help me to improve my drawing and analysis
Note : This is purely for educational purpose.
MARUTI UP Trend comes to an END.]MARUTI : 6762.50. [/b
Candle pattern: Possibility of ]EVENING DOJI STAR [/b (Bearish)
Indicators: ADX, RSI, W%R & some other Indicators are OverBought.
Volume: Much Below 20 day AVG. & -12.44% compare to Prev. day.
WAVE Count: Today Already achieved 2.272 Fib. Retracement (WAVE - 5)
GAP: Bullish GAP formed on 02 May 2017 (@ 6589.90 to @ 6618)
DERIVATIVE: Spot: 6762.5 Future: 6756.0 Discount: 6.5 '
PCR: Current: 1.05 Previous: 1.07 Change: -1.869%
INTRADAY Levels:
Resistance: @ 6798, @ 6825 - @ 6844 (Hurdle Zone), @ 6882
Support: @ 6712, @ 6685 - @ 6665 (Bounce Zone), @ 6614
Positional Swing Levels:
Resistance: @ 6912, @ 6955 (STRONG), @ 7070
Support: @ 6597, @ 6554 (Strong) , @ 6440
CONCLUSION for TRADE:
In CASH: SELL ON RALLY.
In DERIVATIVE:
#1 SHORT FUT with LONG Call Option. (For HEDGE)
#2 Long ITM PE + Short Nearer OTM PE
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD
As of January 29, 2025, the EUR/USD pair is exhibiting signs of a potential bullish movement.
**Market Pulse**
The EUR/USD is currently trading within an ascending channel, indicating a short-term bullish trend. The pair is testing the support area near 1.0395, suggesting a possible rebound and continuation of the upward movement.
**Key Technical Levels**
- **Resistance:** 1.0485
- **Support:** 1.0395
**Technical Indicators**
- **Trend:** The pair is moving within an ascending channel, indicating a short-term bullish trend.
- **RSI:** A rebound from the support line on the RSI indicator suggests a potential upward movement.
**Trade Recommendation**
Considering the technical indicators and the prevailing bullish trend, initiating a **buy** position is advisable.
- **Entry Point:** Buy at 1.0400
- **Take Profit (TP):** 1.0635
- **Stop Loss (SL):** 1.0325
**Risk Management**
This trade setup offers a favorable reward-to-risk ratio. Ensure that your position size aligns with your risk tolerance and overall trading strategy.
**Conclusion**
The EUR/USD pair is showing signs of a potential bullish movement, supported by technical indicators. Traders should monitor key levels and manage risk appropriately.
*Disclaimer: Trading forex carries a high level of risk and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.*
Breakout and Breakdown Strategy in 3D Time FrameTrend-Based Fibonacci Extension Levels (3-Day):
CRYPTO:BTCUSD
COINBASE:BTCUSD BINANCE:BTCUSD OANDA:BTCUSD MARKETSCOM:BITCOIN FOREXCOM:BTCUSD BITFINEX:BTCUSD OKX:BTCUSD BITMEX:BTCUSDF2025 KRAKEN:BTCUSD EASYMARKETS:BTCUSD OKCOIN:BTCUSD VANTAGE:BTCUSD BYBIT:BTCUSDT WEBULLPAY:BTCUSD WEBULLPAY:BTCUSD CRYPTOCOM:BTCUSD MEXC:BTCUSDT HTX:BTCUSDT UPBIT:BTCUSDT BYBIT:BTCUSDC UPBIT:BTCUSDT
1. Breakout Strategy
This strategy is for when the price breaks out above the 400% level or breaks down below the 361.80% level.
Bullish Breakout (Above 400%):
Trigger: A strong close above the 400% level, ideally with increased volume. Look for confirmation from indicators like the MACD (crossing bullish) or the Daily CMO moving higher from its low value.
Entry: Enter a long position just above the breakout candle high to avoid false breakouts.
Stop-Loss: Below the 400% level or the nearest support level, such as the 391% region.
Targets:
First Target (T1): 423.60% (next major resistance).
Second Target (T2): 450% if bullish momentum strengthens.
Bearish Breakdown (Below 361.80%):
Trigger: A strong close below the 361.80% level with confirmation (e.g., bearish MACD continuation or CMO dipping further negative on both Daily and 3-Day).
Entry: Enter a short position just below the breakdown candle low.
Stop-Loss: Above the 361.80% level or the last significant swing high.
Targets:
First Target (T1): 330% (midway support).
Second Target (T2): 261.80% (strong pullback level).
2. Range Trading Strategy
If the price continues to trade between the 361.80% and 400% levels, this strategy involves buying at support and selling at resistance.
Key Steps:
Entry:
Long near the 361.80% level if price shows signs of reversal (e.g., bullish candlestick patterns like hammers or engulfing candles).
Short near the 400% level if price shows rejection or reversal (e.g., shooting stars or bearish engulfing candles).
Stop-Loss:
For longs: Just below the 361.80% support level.
For shorts: Just above the 400% resistance level.
Targets:
For longs: Exit at 400%.
For shorts: Exit at 361.80%.
Indicators to Monitor in the Range:
Look for divergence between the CMO (Daily) and price at the support/resistance zones.
Use RSI: Enter positions when RSI approaches oversold (near 40) at support or overbought (near 70) at resistance.
3. Pullback Strategy
This strategy works if the price breaks a key level (either 400% or 361.80%) but pulls back to retest the level before continuing in the breakout direction.
Entry:
Bullish Pullback:
Wait for a breakout above 400%, then enter long when the price retests 400% and holds as support.
Bearish Pullback:
Wait for a breakdown below 361.80%, then enter short when the price retests 361.80% and confirms as resistance.
Stop-Loss:
Place the stop just below (bullish) or above (bearish) the retest level to manage risk.
Targets:
Bullish Target: First 423.60%, then higher extensions if momentum aligns.
Bearish Target: First 330%, then 261.80%.
Risk Management Tips
Position Sizing: Risk no more than 1-2% of your capital per trade to protect against unexpected moves.
False Breakouts: Be cautious of false breakouts—wait for confirmation (e.g., a retest or increased volume) before entering.
Multi-Time Frame Confirmation: Always confirm setups on both the Daily and 3-Day time frames, especially for breakout trades.
Final Thoughts
If you’re unsure about the direction, focus on range trading until a breakout occurs.
Watch for divergence between the Daily CMO (short-term momentum) and price. For example:
If CMO rises while price struggles at 400%, it could signal a breakout.
If CMO drops sharply as the price approaches 361.80%, a breakdown becomes likely.
Scenario Breakdown:
The price is consolidating between 361.80% (support) and 400% (resistance).
The pullback to 261.80% reflects a prior correction, indicating that this level might act as a significant support zone in the event of further downside.
The repeated rejection at the 400% level, coupled with resistance at 423.60%, confirms strong selling pressure in the current zone, preventing a bullish breakout.
MACD (3-Day):
The MACD line below the trend line with a previous bearish crossover suggests that bearish momentum dominates the 3-Day time frame. This adds to the challenges for a sustained breakout above 400%.
RSI (3-Day):
The RSI at 61 indicates moderate bullish strength but not strong enough to push the price past key resistance levels yet. The current level hints at consolidation or fading bullish momentum, depending on further price action.
CMO (Chande Momentum Oscillator):
3-Day time frame (CMO at 33): The asset still holds moderate bullish momentum on the higher time frame, although it isn’t in an overbought zone.
Daily time frame (CMO at 4.71): This much lower value indicates almost no momentum or very weak bullish sentiment in the shorter term. This divergence between time frames highlights a lack of alignment between the shorter and longer-term trends.
Interpretation of Multi-Time Frame Analysis:
3-Day Time Frame:
The asset is struggling to build momentum, as indicated by the bearish MACD crossover, rejection at 400%, and moderate CMO levels. The RSI suggests that the price is not completely bearish, but the indecision between 361.80% and 400% signals potential consolidation unless a breakout occurs.
Daily Time Frame:
The CMO at 4.71 in the Daily time frame shows that short-term momentum is almost flat. This could mean:
Bulls are losing strength, and the price could revisit the 361.80% level as support.
If there’s no significant bullish catalyst, a move lower to 261.80% might occur.
The Daily time frame momentum lagging behind the 3-Day time frame suggests that the shorter-term market activity does not yet support an imminent breakout to the upside.
Potential Scenarios:
Bearish Scenario:
The lack of momentum on the Daily time frame (low CMO and bearish MACD) suggests that the price may retest the 361.80% support level.
If this support breaks, the price could drop toward the 261.80% level, which has been a significant pullback level in the past.
Bullish Scenario:
If the price can reclaim the 400% level with volume and bullish momentum, a test of the 423.60% resistance level is likely.
A break above 423.60% could trigger further bullish continuation, but this requires alignment of both Daily and 3-Day indicators.
Neutral/Rangebound Scenario:
The asset might continue consolidating between the 361.80% and 400% levels until there’s a clear catalyst to break out of this range.
Key Insights:
Watch the Daily time frame CMO closely: The low value indicates weak short-term momentum, so any significant moves will need improvement in this indicator.
Pay attention to the 400% level: A clean breakout and daily close above this level could signal bullish strength returning.
Monitor the 361.80% level for breakdowns: If this support fails, a deeper correction becomes likely.
Maruti Suzuki India Ltd daily chat analysis
1. Chart Overview
📈 This Maruti Suzuki India Ltd chart represents the daily price movement. On the NSE. It shows candlestick patterns alongside various technical indicators like MACD, RSI, Volume, and some custom overlays such as support and resistance zones.
2. Key Chart Feature and Pattern Observation
🔹 The price recently broke above a key resistance level, as indicated by the green candlestick and volume spike.
🔹 A triple-bottom pattern (Bottom 1, Bottom 2, Bottom 3) is visible, signaling a potential reversal and a bullish trend.
🔹 The background has alternating green and red highlights, likely reflecting trend strength or signal zones (bullish or bearish).
3. Indicator Analysis
📊 Volume
- A significant volume spike coincides with the breakout, confirming strong buying interest.
📊 MACD (Moving Average Convergence Divergence)
- The MACD line (black) has crossed above the signal line (red), confirming bullish momentum.
- The histogram is transitioning from red to green, indicating a positive trend.
📊 RSI (Relative Strength Index)
- The RSI is trending upwards and is around 39.74, suggesting the stock is leaving oversold territory.
- It is yet to enter overbought zones, leaving room for further upside.
4. Key Levels or Price Levels
🔑 Support Levels
- Immediate support at approximately 11,375, marked by the breakout point.
- Stronger support near 10,725, as indicated by previous bottoms.
🔑 Resistance Levels
- Immediate resistance around 12,000.
The next key resistance is at 13,680 (as per the high marked on the chart).
5. Overall Summary
📝 The chart depicts a bullish breakout following a period of consolidation, confirmed by a triple-bottom pattern. Indicators like MACD and RSI support the bullish bias, while the volume spike adds further confirmation of market interest.
6. Trading Strategy
💡 For Buyers
- Look for pullbacks near 11,375 for entry opportunities, with a stop-loss below 10,725.
- Target 12,000 in the short term and 13,680 for a medium-term outlook.
💡 For Sellers
- Wait for price rejection or a bearish divergence near 12,000 before considering short positions.
7. Conclusion
🚀 The chart signals a bullish breakout with strong confirmation from patterns and indicators. Traders can capitalize on this momentum while being cautious of resistance levels and broader market conditions.
INTC Swing Complete.I wanted to test out some simple no-BS indicators on a swing trade. I ended up using the MACD cross and Overbought/Oversold indicators. I'd say it was pretty successful. The I had a support/resistance line (yellow) and would have been better off selling when it crept near that $24 area. That being said, it's important to read candles and formations for reversals etc. Using purely the indicators I'd say the trade was successful. I didn't have a bunch of money invested (for obvious reasons), but I still gained something like 8.4% of my original investment. So not bad. Hope this helps someone. NOTE: I plan to re-enter a position once a buy signal is posted. I think Intel is due for some more upside soon.
Not trading advice.
A strong candidate for long term Infra Stock NSE: NILAINFRA Technical Analysis of NSE: NILAINFRA
Nila Infrastructures Limited (NSE: NILAINFRA) has shown some interesting technical patterns and indicators. Here’s a detailed analysis based on the latest data:
Price Movement and Trends
Current Price : As of the latest data, the stock is trading around ₹11.97.
52-Week Range : The stock has fluctuated between ₹4.90 and ₹14.50 over the past year1.
Recent Performance : The stock has seen a significant rise, with a 55.94% increase in the last year2.
Technical Indicators
Moving Averages : The stock is trading above its 200-day moving average, which is a bullish sign. However, it is close to its 50-day moving average, indicating potential consolidation.
Relative Strength Index (RSI) : The RSI is currently neutral, suggesting neither overbought nor oversold conditions.
MACD (Moving Average Convergence Divergence) : The MACD line is above the signal line, indicating a bullish trend.
Volume : There has been an increase in trading volume, which often precedes significant price movements.
Support and Resistance Levels
Support : The immediate support level is around ₹11.40.
Resistance : The immediate resistance level is around ₹12.69. A breakout above this level could signal further upward movement.
Fundamental Analysis
Debt Levels : Nila Infrastructures has a significant amount of debt, which could pose a risk if not managed properly3.
Profitability : The company has shown poor profit growth over the past few years, with a negative growth rate1.
Valuation : The stock is trading at a high P/E ratio of 41.46, indicating that it might be overvalued at current levels1.
Investment Advice
Given the technical and fundamental analysis, here are some considerations for long-term investment:
I would be interested in a Long Position if theres a breakout with good volume:
The stock has shown strong upward momentum over the past year.
Technical indicators like MACD and moving averages suggest a bullish trend.
High promoter holding (61.9%) indicates confidence in the company.
JKLAKSHMI's Anti-Shark and Bat Patterns, Potential TargetsIn this post, we will conduct a comprehensive analysis of JKLAKSHMI, focusing on the formation of the anti-shark and bat patterns on the chart. Additionally, we will consider the impact of a rumored reduction in Goods and Services Tax (GST) on cement products, which could potentially influence the stock's performance. Let's delve into the analysis and gain insights into the situation.
Chart Analysis:
Upon examining the provided TradingView chart for JKLAKSHMI, we can observe the formation of both the anti-shark and bat patterns. These patterns provide potential trading opportunities for investors.
The bat pattern has an activation zone at 688.5, suggesting a potential bullish reversal if the price reaches this level. The first target for the bat pattern is set at 715.2, with the second target at 738. It is important to establish a stop loss at 655 to manage risk effectively.
The anti-shark pattern has an entry point at 693, indicating a potential bullish reversal. The first target for the anti-shark pattern is set at 719, with the second target at 741. A stop loss at 660 is recommended to limit potential losses.
Support and RSI Analysis:
The daily chart of JKLAKSHMI displays a weak trendline support, further enhancing the potential significance of the anti-shark pattern. A buying price of 660, with a small stop loss of 645, is suggested for trendline traders. However, it is essential to exercise caution and ensure confirmation through other technical indicators and price action before making trading decisions.
Additionally, the daily Relative Strength Index (RSI) is in the oversold zone, indicating that the stock may have been oversold and could potentially experience a rebound in the near future. While this can provide a supportive argument for the bullish case, it should be considered alongside other factors and indicators.
Impact of GST Reduction Rumors:
It is crucial to consider the potential impact of the rumored GST reduction on cement products. If the GST rate on cement products is reduced from 28% to 18% in the next GST meet, it could have a positive influence on cement manufacturers like JKLAKSHMI. Such a reduction could potentially lead to increased demand and improved profitability for the company, which might positively affect its stock price.
Conclusion:
Based on the analysis, JKLAKSHMI exhibits the formation of the anti-shark and bat patterns, which suggests potential bullish reversals. Traders should carefully monitor the price levels mentioned, along with the suggested stop losses and targets, while considering additional technical indicators and price action for confirmation.
Furthermore, the rumored reduction in GST on cement products could act as a catalyst for JKLAKSHMI's stock price. Investors should stay informed about developments surrounding the GST meetings and subsequent decisions.
However, it is important to note that trading and investment decisions should be made after thorough analysis and consideration of both technical and fundamental factors. It is advisable to consult with a financial advisor or conduct further research before making any financial decisions.
GBPUSD Falling wedge on 4HRA falling wedge pattern is a technical chart pattern that forms when the price consolidates between two converging trendlines that slope downward. It is typically considered a bullish pattern because it suggests a potential reversal of the prevailing downtrend.
In the context of the GBP/USD currency pair, if the price has formed a falling wedge pattern, it means that the currency pair has been experiencing a downward trend but is now showing signs of consolidation. This consolidation is represented by the converging trendlines of the falling wedge pattern.
The breakout from a falling wedge occurs when the price breaks above the upper trendline, which suggests that the selling pressure is weakening. This breakout is often seen as a bullish signal by traders, indicating a potential reversal of the downtrend and the possibility of an upward move.
After the breakout, it is common for the price to retest the upper trendline. This retest is a way to validate the breakout and confirm that the selling pressure has indeed decreased. If the price successfully retests the upper trendline without falling back into the wedge pattern, it can provide further confirmation of the bullish signal.
Based on the statement you provided, it suggests that the GBP/USD has already broken above the upper downtrend line of the falling wedge pattern. The expectation is that the price will now retest the upper trendline and potentially continue to rise thereafter.
However, it's important to note that market movements are unpredictable and can be influenced by various factors such as economic data, geopolitical events, and market sentiment. Chart patterns provide insights into potential price movements, but they are not foolproof indicators. Traders and analysts often use additional tools, such as technical indicators and fundamental analysis, to make more informed decisions.
To make accurate trading decisions, it is advisable to consider a combination of factors, including the current market conditions, news events, and technical indicators, while also managing risk effectively. Additionally, staying updated with real-time market data and seeking insights from trusted financial sources or professional analysts can be beneficial.
HINDALCO & TATASTEEL ANALYSISMetal sector is having good momentum and good charm these days, here are some stocks analysed like Hindalco and Tatasteel, both are looking good enough to go long, as per price actions and as well as per elliot waves along with trend indicators.
Indicators of Hindalco
hindalco macd in weekly positive crossover
hindalco macd in daily is positive
rsi in daily uptick and above 70
Indicators of Tatasteel
Tatasteel weekly macd positive
Tatasteel daily macd positive
rsi in daily in tatasteel uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
ADANI POWER - POSITIONAL - 2022ADANI POWER pick as positional due to bullish technical indicators, stock recently get trend line breakout after consolidation around 95 to 100 level and give good upmove ..last 3-4 trading session nifty sharply corrected 700-800 points ..effect of which stock get corrected bit .. now around same level golden crossover as well as trend line breakout seen.
this is fair level of stock to buy where technical indicators are extremely bullish, Risk to reward ration is around 1:2 from current level 10-20 % profit can seen from cmp 109.95 Short term stock can see 125-135 and mid term 140-150 level if quarter result improves .
fundamentally co have to improve profit margin to go for long in this stock ..at present its pure technical call to get 10-20% POSITIONAL trade short term.
Techncial indicators.
1. Trendline breakout
2. Golden cross 20,50,200 sma
3 Double bottom formation at consolidation
4. RSI VALUE 61 ( 60-80) bullish when stoock uptrend
5. Higher top higher bottom formation
6. MACD above center and signal line
** PLEASE DO OWN ANLYSIS THIS IDEA CAN HELP FOR EDUCATION PURPOSE.. take call at own risk .!
HAPPY TRADING. !
Intraday trading with ATR points (ATR Trailing Stops)Share Market options are very logical. But most of the time we don't realise this. ATR Trailing stop indicators are useful in trading options. ATR trailing stops are different from all other indicators and can be used to easily understand day trade (intraday trade).
If you use Zerodha or upstox, Select Nifty 50 Chart -> select Studies -> search ATR Trailing Stops & select Change Plot Type -> Squarewave -> givenPeriod-21 & Multiplier 3 -> Click Done.
How to calculate ATR points? After 3.30p.m. or after share market is closed, Calculation can be done using today's closing price and ATR closing price (Today’s closing price - ATR points). It will help us to trade on the next day. Take ATR points 1min, 5min, 10min, 15min, 30 min & 1hr. Most of the time Nifty will reach till 1hr. Sometimes it will reach 2hrs also. So we have to calculate till 2hrs.
If we calculate, we will know the range nifty will go through & what point it will reach next. (i.e.) If 10 min value is reached & it crosses that value, the points will reach 80% of the next point. So we can buy when we get signal for buying and with ATR, we can find a convenient point for selling by realising if it will reach this point or not.
In my trading page, I have selected candle Heiken Ashi, ATR Trailing Stops Indicators. In the chart page, you can see the above mentioned ATR on 7/1/2022. In the chart, ATR value is 17690 and the closing price is 17816. But in 30 min chart, the closing price is 17820. So we have to calculate for both closing price of the day and 30 min closing price.
I will show you how to calculate ATR value and it will work for the next day.
30min -> 17816-17690 = 126
17816 + 126 = 17942, (if close price higher than ATR , add closing price)
17690 -126 = 17564( if ATR smaller than closing price, subtract ATR price)
15 min-> 17884-17820 = 64
17884 + 64 =17948
17820 - 64 = 17756
ATR calculation are perfect for day traders. It is useful for the entire day.
IOLCP: Short& Mid term view BullishRef chart. MACD crossover may happen on upcoming days in daily chart. This will trigger to price shoot-up. In daily chart Indicators are turning bullish from bearish . In monthly chart indicators are continuing the bullish momentum last few months. From this level it may move the further upside. Targets are given by using patterns.
****Note: If you noticed my earlier views, most of the views given before breakouts by using indicators. Risk takers no issues but Safe traders can take the trade after breakout.
Vijayaraghavn.K
Kovilpatti.